Solution

Which type of bank provides capital to companies in the form of share ownership instead of loans?

1.

Custodian bank

2.

Merchant bank

3.

Depository bank

4.

National bank

5.

Offshore bank

Solution

Answer: A merchant bank is a financial institution providing capital to companies in the form of share ownership instead of loans. A merchant bank also provides advisory on corporate matters to the firms in which they invest. In the United Kingdom, the historical term "merchant bank" refers to an investment bank.

_______ allows cardholders to withdraw cash, either through an ATM or over the counter at a bank or other financial agency, up to a certain limit.

1.

Maxed Out

2.

Payment terminal

3.

Congagement

4.

Microcredit

5.

Cash advance

Solution

Answer:

A cash advance is a service provided by most credit card and charge card issuers. The service allows cardholders to withdraw cash, either through an ATM or over the counter at a bank or other financial agency, up to a certain limit. For a credit card, this will be the credit limit (or some percentage of it). Cash advances often incur a fee of 3 to 5 percent of the amount being borrowed. When made on a credit card, the interest is often higher than other credit card transactions. The interest compounds daily starting from the day cash is borrowed.

Solution

Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992.

1.

Constitutional body

2.

Advisory body

3.

Non-statutory body

4.

Statutory body

5.

None of the above

Solution

Answer: Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 to hear and dispose of appeals against orders passed by the Securities and Exchange Board of India.